Problem

Supply and demand. Table 18 contains price–supply data and price–demand data for soybean...

Supply and demand. Table 18 contains price–supply data and price–demand data for soybeans. Find a linear regression model for the price–supply data where x is supply (in billions of bushels) and y is price (in dollars). Do the same for the price–demand data. (Round regression coefficients to two decimal places.) Find the equilibrium price for soybeans.

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